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Report touches on better times at home
Despite tough times, region has cause for optimism. Economic growth projected in logistics, renewable energy, military
The housing glut that hurt the Victor Valley’s economy may also help heal it.
Affordable housing will be a key to getting the area’s economy going again, according to a new report released by San Bernardino County. The recent real estate bust has made homes here more affordable than any other Southern California county, which was a primary component of the Victor Valley’s economic boom early in the decade.
Housing joined a variety of business topics addressed by the San Bernardino County Community Indicators report, the first of its kind commissioned by the county. The report also reviewed education, community health and wellness, public safety, environment and civic engagement.
Researched and written by the La Jolla Institute, the report will be officially presented to the county Board of Supervisors at Tuesday’s meeting, and will be used to develop long-term policies for growth.
“The county needs to have a snapshot of the leading indicators,” county spokesman David Wert said. “They will use it to set the stage for a recovery.”
The county’s economic and business climate took up most of the report, perhaps reflecting an uncertainty felt by many residents and municipal government officials dealing with the recession.
But as bad as things may be now with foreclosed homes, shuttered businesses and unemployment in the county at nearly 15 percent, the report stressed reasons for optimism.
To read the full story, see Sunday's Press Dispatch. To subscribe to the Daily Press in print or online, call (760) 241-7755 or click here.
